v3.26.1
Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Derivative Instruments Notional And Fair Values
The following tables present the notional amount and estimated fair value of derivative instruments:
 March 31, 2026December 31, 2025
 
Notional
Amount(1)
Estimated Fair ValueNotional
Amount		Estimated Fair Value
 
Gain(1)
Loss(1)
Gain(1)
Loss(1)
 (In millions)
Derivatives in cash flow hedging relationships:
Interest rate swaps$39,048 $47 $284 $39,918 $80 $196 
Interest rate options2,000 3 2 2,000 2 1 
Total derivatives in cash flow hedging relationships41,048 50 286 41,918 82 197 
Derivatives in fair value hedging relationships:
Interest rate swaps8,502 38 60 8,067 23 73 
Total derivatives designated as hedging instruments$49,550 $88 $346 $49,985 $105 $270 
Derivatives not designated as hedging instruments:
Interest rate swaps $94,028 $997 $972 $93,891 $1,023 $996 
Interest rate options 11,748 17 11 10,674 14 6 
Interest rate futures and forward commitments1,682 11 3 1,537 8 1 
Other contracts16,802 457 437 15,051 185 172 
Total derivatives not designated as hedging instruments $124,260 $1,482 $1,423 $121,153 $1,230 $1,175 
Total derivatives$173,810 $1,570 $1,769 $171,138 $1,335 $1,445 
Total gross derivative instruments, before netting$1,570 $1,769 $1,335 $1,445 
Less: Netting adjustments (2)
1,269 1,276 1,120 964 
Total gross derivative instruments, after netting$301 $493 $215 $481 
_________
(1)Derivatives in a gain position are recorded as other assets and derivatives in a loss position are recorded as other liabilities on the consolidated balance sheets. Includes accrued interest as applicable. The table reflects net notional presentation and gross asset and liability presentation to capture the economic impact of the trades.
(2)Netting adjustments represent amounts recorded to convert derivative assets and derivative liabilities from a gross basis to a net basis in accordance with applicable accounting guidance. The net basis takes into account the impact of cash collateral received or posted, legally enforceable master netting agreements, and variation margin that allow Regions to settle derivative contracts with the counterparty on a net basis and to offset the net position with the related cash collateral. Cash collateral, all of which is included as a netting adjustment, totaled $32 million and $83 million for derivative assets at March 31, 2026 and December 31, 2025, respectively. Cash collateral totaled $202 million and $123 million for derivative liabilities at March 31, 2026 and December 31, 2025, respectively.
Schedule Of Effect Of Hedging Derivative Instruments On Statements Of Operations
The following tables present the effect of fair value hedging derivative instruments on the consolidated statements of income and the total amounts for the respective line items affected:
Three Months Ended March 31, 2026
Interest IncomeInterest Expense
Debt securitiesLong-term borrowings
(In millions)
Total income (expense) presented in the consolidated statements of income$298 $(52)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
   Amounts related to interest settlements on derivatives$1 $(5)
   Recognized on derivatives29 2 
   Recognized on hedged items(29)(2)
Income (expense) recognized on fair value hedges$1 $(5)
Three Months Ended March 31, 2025
Interest IncomeInterest Expense
Debt securitiesLong-term borrowings
(In millions)
Total income (expense) presented in the consolidated statements of income$266 $(85)
Gains/(losses) on fair value hedging relationships:
Interest rate contracts:
   Amounts related to interest settlements on derivatives$3 $(14)
   Recognized on derivatives(46)25 
   Recognized on hedged items46 (25)
Income (expense) recognized on fair value hedges$3 $(14)
Schedule of Fair Value Hedging Basis Adjustments
The following tables present the carrying amount and associated cumulative basis adjustment related to the application of hedge accounting that is included in the carrying amount of hedged assets and liabilities in fair value hedging relationships.
March 31, 2026December 31, 2025
Hedged Items Currently DesignatedHedged Items Currently Designated
Amortized Cost Basis of Assets/(Liabilities) Hedge Accounting Basis AdjustmentAmortized Cost Basis of Assets/(Liabilities)Hedge Accounting Basis Adjustment
(In millions)(In millions)
Debt securities available for sale$9,239 $(28)$9,325 $— 
Long-term borrowings(2,350)50 (2,348)52 
Schedule Of Gains (Losses) Recognized In Income Related To Derivatives Not Designated As Hedging Instruments
The following table presents the location and amount of gain recognized in income on derivatives not designated as hedging instruments in the consolidated statements of income for the periods presented below:

Three Months Ended March 31
Derivatives Not Designated as Hedging Instruments20262025
 (In millions)
Capital markets income:
Interest rate swaps$10 $6 
Interest rate options7 8 
Interest rate futures and forward commitments3 3 
Other contracts7 (2)
Total capital markets income27 15 
Mortgage income:
Interest rate swaps— 16 
Interest rate options— 1 
Interest rate futures and forward commitments3 (1)
Total mortgage income3 16 
$30 $31